SJ-MC tit. 3, div. II, ch. 3.54, pt. 4 — ACCOUNTS AND INVESTMENTS | San José Municipal Code (Supp. No. 5: codified through Ordinance No. 31341, enacted August 25, 2026) — San Jose

San José Municipal Code § 3.54.300 Accounts.

3.54.300 - Accounts. Except to the extent prohibited by applicable law, the trustees or custodian may commingle the assets held by the trust for investment purposes. (Ord. 29065.)

San José Municipal Code § 3.54.310 Investment of trust fund.

3.54.310 - Investment of trust fund. A. Except as otherwise provided by regulation, or as delegated to the custodian, administrator or an investment manager by the trustees, the trustees shall have complete control of the management and investment of the trust fund, and shall have all powers necessary or convenient to enable it to exercise such control. B. The trustees or trustees' delegate may invest and reinvest funds held by the trust fund in any investments which are legal investments under applicable law, and shall have the discretion to decide the allocation of funds among such investments. The trustees may purchase, acquire, hold, lease, sell, and convey real and personal property, and place funds held herein with banks or trust companies which have corporate trust powers, with insurance companies authorized to do business within the State of California, and do all such other acts permitted by law. (Ord. 29065.)